Hugo Boss AG / Preliminary Results
06.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Metzingen. The Managing Board of HUGO BOSS AG publishes the key figures
from the preliminary, unaudited financial statements for 2007.
Compared to 2006, the HUGO BOSS fashion group increased total sales in the
fiscal year just ended by 9% to EUR 1,632 million. Adjusted for currency
effects, sales increased by 12%.
Earnings before taxes increased by 18% to EUR 212 million (2006: EUR 180
million).
Thus, the HUGO BOSS Group exceeded its own targets of 10-12%
currency-adjusted sales growth and 12-15% improvement of earnings before
taxes.
Key figures of the HUGO BOSS Group:
(EUR million) 2007 2006 Changes in %
Sales: 1,632 1,496 9%
EBIT: 220 184 19%
Earnings before taxes: 212 180 18%
Net income: 154 129 20%
The audited financial statements will be published in the Annual Press and
Analyst Conference in Metzingen on March 27, 2008.
Metzingen, February 6, 2008
The Managing Board
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Information and Explaination of the Issuer to this News:
HUGO BOSS: Preliminary year-end figures for 2007
Group sales rise by 9% to EUR 1,632 million, currency-adjusted by 12%
Earnings before taxes increased by 18% to EUR 212 million
Net income up 20% to EUR 154 million
Metzingen, February 6, 2008. Compared to 2006, the HUGO BOSS fashion group
increased total sales in the fiscal year just ended by 9% to EUR 1,632
million. Adjusted for currency effects, sales increased by 12%.
Earnings before interest and taxes (EBIT) improved by 19% to EUR 220
million (2006: EUR 184 million). The increase in earnings before taxes
(EBT) to EUR 212 million reflects growth of 18% compared to 2006 (EUR 180
million). Net income increased by 20% to EUR 154 million (2006: EUR 129
million).
Thus, the HUGO BOSS Group exceeded its own targets of 10-12%
currency-adjusted sales growth and 12-15% improvement of earnings before
taxes.
'A 29% increase in sales to EUR 209 million reflects the continued very
dynamic growth of BOSS Womenswear in 2007,' said Dr. Bruno Sälzer, Chairman
of HUGO BOSS AG's Managing Board. 'The improvement of our own retailing
activities at 25% to EUR 239 million and the 16% increase to EUR 176
million in shoes and leather accessories also contributed very
significantly to our growth.'
For fiscal 2008, the Managing Board of HUGO BOSS AG expects to break
further records in sales and earnings.
The audited financial statements will be published in the annual press and
analyst conference in Metzingen on March 27, 2008.
Further information on HUGO BOSS AG can be found on our website at
www.group.hugoboss.com.
If you have any questions, please contact:
Communication
Philipp Wolff
Phone: +49 (0) 7123 94-2375
Fax: +49 (0) 7123 94-2051
Investor Relations
Viola Mahrenbach
Phone: +49 (0) 7123 94-1326
Fax: +49 (0) 7123 94-2035
E-Mail: Investor-Relations@hugoboss.com
DGAP 06.02.2008
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Language: English
Issuer: Hugo Boss AG
Dieselstraße 12
72555 Metzingen
Deutschland
Phone: +49 (0)712 394-0
Fax: +49 (0)712 394-2014
E-mail: info@hugoboss.com
Internet: www.hugoboss.com
ISIN: DE0005245534, DE0005245500,
WKN: 524553, 524550,
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: Hugo Boss AG:Publication of preliminary financial statements for 2007
| Source: EQS Group AG